While economic uncertainty remains a very real factor in many business decisions, a steady but slower growth is expected as 2013 progresses.
Boston MA (PRWEB) January 23, 2013
LeaseQ, one of the leading providers of business equipment leasing and financing options in the United States, is reporting that new orders for manufacturing technology rose significantly since 2011. New orders for November 2012 totaled $422 million according to the Association for Manufacturing Technology (AMT).
While this total was down from October on the order of almost 11%, the year to date totals for new manufacturing orders of $5.2 billion, up almost 4.8% when compared to 2011. The numbers and data contained in the report are based on the totals of actual data as reported by companies participating in the USMTO program.
According to the spokesman for the AMT, orders for 2012 remained strong, and are likely to remain so throughout 2013. While economic uncertainty remains a very real factor in many business decisions, a steady but slower growth is expected as 2013 progresses.
The USMTO report was compiled by the trade association that represents the production and distribution of manufacturing technology, as well as providing regional and national US orders of domestic and imported machine tools and other related technology. Manufacturing technology analysis provides a very reliable economic indicator, with manufacturing industries investing in capital metalworking equipment and tools in order to increase capacity as well as improving production standards.
United States manufacturing technology orders are also use to calculate data for five geographic breakdowns of the US.
Of course the economy will be the driving factor, and time will tell if this trend is a temporary uptick or a sign of an improving business climate.
Based in Boston MA, Lease Q is one of the leading providers of commercial business equipment leasing and financing in the United States. They offer a number of different leasing options designed to accommodate Fortune 500 corporations and small business start ups alike.